On the Income Summary page, under Partnerships and K-1's, my 2017 amount is shown in gray. After inputting my K-1s for 2018, the summary page shows the amount of $0. Then I looked at the Form 1040 and do not see the section where Income from partnerships and K-1's has been reported in the past. Is this correct that TurboTax is showing $0 even after I entered my K-1's?
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is there a profit or loss for 2018? is the partnership a publicly traded one (there will be a boxed checked on K-1 at upper left)? if loss do you have basis and are you at-risk? .
k-1 profit and loss is now on schedule 1 line 17 so check to see if an amount there. the net of schedule 1 thru 5 now appears on line 6 of 1040.
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